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Global economy suffers natural disaster losses totaling $53 billion during the first half of 2017

Global economy suffers natural disaster losses totaling $53 billion during the first half of 2017

News   •   Jul 24, 2017 12:20 BST

Global economic losses resulting from natural disasters during the first half of 2017 were estimated at US$53 billion – 56% lower than the 10-year average of US$122 billion, and 39% lower than the 17-year average of US$87 billion. This is according to ​Aon Benfield's ​Global Catastrophe Recap: First Half of 2017 Report.

Employees regarded as an organization's greatest asset but also one of the biggest data security risks

Employees regarded as an organization's greatest asset but also one of the biggest data security risks

News   •   Jul 24, 2017 09:10 BST

IT professionals believe that compliance and regulation and the unpredictable behaviour of employees will have the biggest impact on data security, according to a survey commissioned by HANDD Business Solutions.

Earthquake strikes in the Aegean Sea between Greece and Turkey

Earthquake strikes in the Aegean Sea between Greece and Turkey

News   •   Jul 21, 2017 10:03 BST

An earthquake reaching a magnitude of 6.7 on the Richter Scale has hit the Aegean Sea between the Greek island of Kos and the Turkish resort of Bodrum. The earthquake, with its epicentre at a depth of about 10k according to the US Geological Survey, struck at 01:31 local time on Friday, and has killed two people and left hundreds of others injured.

Canada lagging in risk management approach when compared to global counterparts

Canada lagging in risk management approach when compared to global counterparts

News   •   Jul 20, 2017 17:02 BST

Canadian businesses are lagging in their risk management approach and are more vulnerable to disruption when compared to their global counterparts, according to a report published by ​PwC Canada.

Cost of no Brexit deal will be “widespread, damaging and pervasive”

Cost of no Brexit deal will be “widespread, damaging and pervasive”

News   •   Jul 20, 2017 12:57 BST

​The consequences of the UK failing to reach a deal with the EU will be “widespread, damaging and pervasive” according to a report by The UK in a Changing Europe.

UK business leaders less aware of digital risks than European counterparts

UK business leaders less aware of digital risks than European counterparts

News   •   Jul 20, 2017 09:21 BST

UK business leaders identify far fewer risks affecting their businesses, when compared to Germany and France, according to research from the Gowling​ WLG, suggesting an overly optimistic picture among UK business leaders. UK respondents consistently identified between 2% and 25% less than non-UK respondents for each risk area analysed.

Daisy become a platinum sponsor of the BCI World Conference and Exhibition

Daisy become a platinum sponsor of the BCI World Conference and Exhibition

News   •   Jul 19, 2017 12:12 BST

The Business Continuity Institute is delighted that Daisy Group, a leading UK business continuity, business communications and IT service provider, is to be a platinum sponsor of the BCI World Conference and Exhibition at the Novotel London West Hotel on the 7th and 8th November.

Less than half of global executives believe GDPR compliance is relevant to their business

Less than half of global executives believe GDPR compliance is relevant to their business

News   •   Jul 19, 2017 09:12 BST

One in eight global business decision makers believe that poor information security is the ‘single greatest risk’ to the business, according to a study by NTT Security, which also found that 57% believe a data breach to be inevitable at some point.

One in four hide cyber security incidents from their employers

One in four hide cyber security incidents from their employers

News   •   Jul 18, 2017 17:03 BST

Employees at 40% of businesses across the globe hide IT security incidents in order to avoid punishment, according to a study conducted by Kapersky Lab, and the dishonesty is most challenging for larger-sized businesses. 45% of enterprises (over 1,000 employees) experience employees hiding cyber security incidents, with 42% of SMBs (50 to 999 employees), and only 29% of VSBs (under 49 employees).

Businesses over confident about keeping hackers at bay

Businesses over confident about keeping hackers at bay

News   •   Jul 18, 2017 09:01 BST

Despite the increasing number of data breaches and nearly 1.4 billion data records being lost or stolen in 2016, the vast majority of IT professionals still believe perimeter security is effective at keeping unauthorised users out of their networks, according to a study by Gemalto.

Nearly a third of travel managers are unsure how long it would take to locate employees in a crisis

Nearly a third of travel managers are unsure how long it would take to locate employees in a crisis

News   •   Jul 17, 2017 17:06 BST

3 in 10 (29%) travel managers report they do not know how long it would take to locate affected employees in a crisis, according to a new study by the GBTA Foundation, the research and education arm of the Global Business Travel Association, in partnership with Concur.

Extreme cyber attack could cost as much as Superstorm Sandy

Extreme cyber attack could cost as much as Superstorm Sandy

News   •   Jul 17, 2017 12:42 BST

A major global cyber attack has the potential to trigger $53 billion of economic losses, roughly the equivalent to a catastrophic natural disaster like 2012’s Superstorm Sandy, according to a scenario described in new research by Lloyd’s and Cyence.

A third of security professionals under-prepared to defend against cyber threats

A third of security professionals under-prepared to defend against cyber threats

News   •   Jul 14, 2017 11:36 BST

One in three (32%) security professionals lack effective intelligence to detect and action cyber threats, according to a new study from Anomali, which also revealed that almost a quarter (24%) believe they are at least one year behind the average threat actor. Half of this sample admitted they are trailing by two to five years.

Organizations leaving themselves vulnerable to data breaches by former employees

Organizations leaving themselves vulnerable to data breaches by former employees

News   •   Jul 13, 2017 15:43 BST

​A large proportion of businesses fail to adequately protect their networks from the potential threat posed by ex-employees, with IT decision makers surveyed as part of a study by OneLogin claiming that over half (58%) of former employees can still access the corporate network. The study also found that nearly a quarter (24%) of UK businesses have experienced data breaches by ex-employees.

Day of protest over net neutrality

Day of protest over net neutrality

News   •   Jul 12, 2017 12:37 BST

​Internet speeds are getting faster all the time with Internet Service Providers competing with each other to offer the fastest connections that can enable users to download entire videos in just seconds. But could that be about to change? Could ISPs have more control over the download speeds they offer? Does this mean that ISPs could have more control over what we are able to download?

ClearView Continuity become a platinum sponsor of the BCI World Conference and Exhibition

ClearView Continuity become a platinum sponsor of the BCI World Conference and Exhibition

News   •   Jul 12, 2017 08:43 BST

The Business Continuity Institute is delighted that ClearView Continuity, a global leader in business continuity management software, with international clients in all sectors and in all regions, is to be a platinum sponsor of the BCI World Conference and Exhibition at the Novotel London West Hotel on the 7th and 8th November.

Business continuity too low a priority within IT departments

Business continuity too low a priority within IT departments

News   •   Jul 11, 2017 17:12 BST

When it comes to new spending, IT departments have two rather clear priorities - secure their data and continue the transition to the cloud, according to the Computer Economics annual IT spending and staffing benchmarks study 2017/2018.

Executives not planning for increased global risks

Executives not planning for increased global risks

News   •   Jul 11, 2017 09:30 BST

A global survey of executives found that most view the world as increasingly risky, with many reporting a “significant operational surprise” over the past five years. However, the majority of executives also report that their organizations are not developing more robust risk management processes to help counter this increasing risk.

Internet outage costing Somalia $10 million each day

Internet outage costing Somalia $10 million each day

News   •   Jul 10, 2017 16:17 BST

​An ongoing internet outage in Somalia is costing the country $10m (£7.7m) each day, and sparking anger across the affected central and southern parts of the country, including the capital, Mogadishu. The outage is reported to have been caused by a commercial ship cutting an undersea fibre-optic cable more than two weeks ago, and is expected to go on for at least another week.

Crackdown on fake holiday sickness claims

Crackdown on fake holiday sickness claims

News   •   Jul 10, 2017 12:52 BST

​Plans to clamp down on bogus holiday sickness claims have been announced by the UK’s ​Ministry of Justice following concerns from the travel industry that more and more suspected false insurance claims for gastric illnesses like food poisoning are being brought by British holidaymakers, partly fuelled by touts operating in European resorts.